- ISIN
- US0682782091
- CUSIP
- 068278209
- Inception Date
- Dec 30, 1994
- Category
- Mid Cap Growth Equities
- Min. Investment
- $2,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
BGRFX Performance Chart
Baron Growth Fund (BGRFX) is down 14.7% since the beginning of the year. BGRFX is currently trading at $54 per share. Investors who bought $1,000 worth of BGRFX shares 5 years ago would now be looking at an investment worth $767.
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Returns By Period
Baron Growth Fund (BGRFX) has returned -14.65% so far this year and -22.04% over the past 12 months. Over the last ten years, BGRFX has returned 6.77% per year, falling short of the S&P 500 Index benchmark, which averaged 13.54% annually.
Baron Growth Fund
- 1D
- -0.70%
- 1M
- -3.96%
- YTD
- -14.65%
- 6M
- -15.79%
- 1Y
- -22.04%
- 3Y*
- -7.20%
- 5Y*
- -5.17%
- 10Y*
- 6.77%
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.71%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.33%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
BGRFX Monthly Returns History
Based on dividend-adjusted daily data since Aug 7, 1995, BGRFX's average daily return is +0.04%, while the average monthly return is +0.88%. At this rate, an investment would double in approximately 6.6 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +15.5%, while the worst month was Mar 2020 at -19.8%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, BGRFX closed higher 54% of trading days. The best single day was Nov 15, 2000 with a return of +12.2%, while the worst single day was Mar 16, 2020 at -15.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -2.65% | -3.77% | -6.18% | 0.05% | 0.88% | -3.79% | -14.65% | ||||||
| 2025 | 2.09% | -3.05% | -3.31% | -5.40% | 5.26% | 1.23% | -3.55% | -0.59% | -4.83% | -4.66% | 0.97% | 0.89% | -14.51% |
| 2024 | 0.86% | 2.23% | 2.28% | -10.05% | 1.84% | 0.12% | 6.06% | 3.02% | 1.65% | -3.09% | 6.60% | -5.72% | 4.62% |
| 2023 | 9.15% | -0.81% | -0.41% | 0.33% | -2.52% | 4.95% | 3.25% | -2.65% | -4.22% | -6.04% | 8.58% | 5.50% | 14.68% |
| 2022 | -12.60% | -1.83% | 0.94% | -9.67% | -2.91% | -7.36% | 11.38% | -5.36% | -6.71% | 11.71% | 6.77% | -6.17% | -22.55% |
| 2021 | -2.12% | 4.18% | -1.08% | 6.59% | -1.68% | 2.80% | 2.73% | 3.93% | -3.00% | 7.26% | -4.84% | 4.31% | 19.82% |
Benchmark Metrics
Baron Growth Fund has an annualized alpha of 1.82%, beta of 0.90, and R2 of 0.72 versus S&P 500 Index. Calculated based on daily prices since August 07, 1995.
- With beta of 0.90 and R2 of 0.72, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.82%
- Beta
- 0.90
- R²
- 0.72
- Upside Capture
- 104.61%
- Downside Capture
- 101.82%
Expense Ratio
BGRFX has a high expense ratio of 1.29%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
BGRFX ranks 0 for risk / return — in the bottom 0% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Baron Growth Fund (BGRFX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BGRFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.09 | ||
| Sortino ratioReturn per unit of downside risk | -4.22 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.35 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 2.66 | -3.48 |
| Martin ratioReturn relative to average drawdown | -1.40 | 11.86 | -13.26 |
Dividends
Dividend History
Baron Growth Fund provided a 24.50% dividend yield over the last twelve months, with an annual payout of $13.26 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $13.26 | $13.26 | $10.80 | $1.71 | $5.12 | $8.98 | $4.85 | $3.05 | $5.13 | $7.90 | $7.64 | $6.03 |
Dividend yield | 24.50% | 20.91% | 12.05% | 1.79% | 6.02% | 7.73% | 4.64% | 3.68% | 8.38% | 11.68% | 12.84% | 9.53% |
Monthly Dividends
The table displays the monthly dividend distributions for Baron Growth Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $13.26 | $13.26 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $10.80 | $10.80 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $1.70 | $1.71 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.12 | $5.12 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $8.97 | $0.00 | $8.98 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Baron Growth Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Baron Growth Fund was 56.10%, occurring on Mar 9, 2009. Recovery took 489 trading sessions.
The current Baron Growth Fund drawdown is 33.28%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -56.10%Mar 2009 | 1y 5mo | 1y 11mo | 3y 4moOct 2007 - Feb 2011 |
COVID crash2020 | -41.14%Mar 2020 | 1mo 2d | 5mo 4d | 6mo 6dFeb 2020 - Aug 2020 |
1998 bear market1998 | -37.23%Oct 1998 | 6mo 5d | 5mo 29d | 12mo 4dApr 1998 - Apr 1999 |
Bear market2022 | -34.70%Jun 2022 | 7mo 10d | — | 4y 7moNov 2021 - now |
2003 bear market2003 | -25.72%Mar 2003 | 10mo | 5mo 11d | 1y 3moMay 2002 - Aug 2003 |
Drawdown Indicators
| BGRFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.10% | -56.78% | +0.68% |
Max Drawdown (1Y)Largest decline over 1 year | -26.95% | -9.10% | -17.85% |
Max Drawdown (3Y)Largest decline over 3 years | -32.68% | -18.90% | -13.78% |
Max Drawdown (5Y)Largest decline over 5 years | -34.70% | -25.43% | -9.27% |
Max Drawdown (10Y)Largest decline over 10 years | -41.14% | -33.92% | -7.22% |
Current DrawdownCurrent decline from peak | -33.28% | -2.49% | -30.79% |
Average DrawdownAverage peak-to-trough decline | -8.87% | -10.72% | +1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.83% | 2.03% | +13.80% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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